Government Launches GHȼ100 Billion CARES Programme
Accra, 18th November, 2020 - The Senior Minister Hon Yaw Osafo Maafo has on behalf of President Nana Addo Dankwa Akufo-Addo launched the Ghana COVID-19 Alleviation and Revitalization of Enterprise Support initiative in Accra.
The Ghana CARES (Obaatan pa) programme is an unprecedented, bold and audacious GHȻ100 billion post COVID programme to stabilize, revitalize and transform Ghana’s economy to create jobs and prosperity for Ghanaians over a three-year period. It is sequenced in two phases: a Stabilization Phase that is running from July to the end of the year (2020); and a medium-term Revitalization Phase from 2021-2023.
The first phase of the programme builds on the actions already taken by Government under the Coronavirus Alleviation Programme, including stabilization of the economy, ensuring food security, support businesses and workers, strengthening the health system and passage of legislations to facilitate quick economic recovery.
The second phase aims at revitalizing and transforming the economy from 2021-2023 will focus on supporting commercial farming and attracting educated youth into agriculture, building Ghana’s light manufacturing sector, developing engineering/machine tools and ICT/digital economy, developing Ghana’s housing and construction industry, reviewing and optimizing the implementation of Government flagships and key programmes among others.
In attendance were Ministers of State, Development Partners, Chief Executives of State Owned Enterprises, Financial Sector players, Civil Society Organizations, Traditional Leaders, the Clergy and the Media. END